Thanks for all the information! This horse is still green (although she has nice transitions, back ups, etc) because she was used as a broodmare after retiring from the track.. but is now being brought back into work after the thumbs up from the vet, she's had sixty days on. She's incredibly athletic and is starting jumping lessons this week.
As for diet, she's currently getting 8 quartz of grain per day ($110 per month) but that's on limited turnout because of bugs and lack of grass. At my barn, she'd get 24/7 turnout and just be brought in for meals and if the weather is bad.
I read that grass and alfalfa hay is better for horses that tend to have ulcers anyways so I think that'd be a much better route for her. I also read about soaked alfalfa cubes so those are also something to look into.
I'd love to get her and take her on as a "permanent project" because I think she does have the potential to be a really nice horse. Plus she's super sweet. I'm taking my time and doing my research though, on everything from potential diets to the cribbing issue.
Forever loved, never forgotten; my beautiful Indie. <3 Hoofprints on my heart.